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Worden Discussion Forum » Customer Training & Support » PCFs, EasyScan and Custom Indicators » Opening Marubozu Candle

Opening Marubozu Candle Rate this Topic:
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Bruce_L
Posted : Thursday, September 28, 2017 2:44:00 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

A Opening Marubozu Candle is a Long Candle which opens at the high or low of the candle. It will have a shadow / wick extending from the closing end of the body.

(L = O OR O = H) AND H - L > ABS(O - C) AND ABS(O - C) > 3 * AVG(ABS(O - C), 15) / 2

Opening Marubozu Candle

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Opening Marubozu Candle.gif - 3 KB, downloaded 829 time(s).


-Bruce
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